FJ Labs

Stage-agnostic venture fund investing in marketplaces and network effect businesses globally

ActiveVenture Capital

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Updated: Feb 17, 2026 ·

About

Stage-agnostic venture fund investing in marketplaces and network effect businesses globally

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Jan 30, 2026	Examedi	Series B	—	—
Jan 29, 2026	1Buy.AI	$3.5M Seed	100Unicorns	Ashish Kacholia, Gruhas
Oct 1, 2025	roclub	$12.0M Series A	—	Speedinvest
Sep 1, 2025	Alara	$500K Seed	—	Atomico, Creandum, Goat Capital, KFund, Pro Founders Capital, Scale Venture Partners, Teamworthy Ventures, Y Combinator, Avi Meir, Chris Murphy, Christian Reber, Felipe Navio, Ingo Uytdehaage, Juan Urdiales, Maximilian Tayenthal, Philippe Teixeira da Mota
Sep 1, 2025	Filevine	$260.0M Series E	—	2048 Ventures, Accel, Album VC, Brainchild, DealerSocket, Entrée Capital Ventures, Founder Collective, Insight Partners, Marketplace Capital, QueensBridge Venture Partners, Signal Peak Ventures, Sound Ventures, TCV, Teamworthy Ventures, The Finger Group, Wellington Management, Arie Abecassis, Eli Manning, Rob Glaser, Shane Battier
Sep 1, 2025	Sunrise	$29.0M Venture Round	—	Amadeus Capital Partners, Balderton Capital, BoxGroup, Craft Ventures, Daffy, Homebrew, Kurma Partners, Makers Camp, Offline Ventures, #SecretFund, Y Combinator, Andreas Ehn, Elliot Shmukler, Loic Le Meur
Aug 1, 2025	Vendict	$10.0M Series A	—	Alumni Ventures, Cardumen Capital, Cherry Ventures, NFX, StageOne Ventures, Abrahami Avishai
Aug 1, 2025	Attio	$52.0M Series B	—	01 Advisors, 20VC, Accel, Acequia Capital, AirAngels, AngelList Syndicator, Balderton Capital, Coinbase Ventures, Jude Gomila Rolling Fund, Point Nine Capital, Prototype Capital, Redpoint Ventures, Sequoia Capital, Y Combinator, Akash Garg, Akhil Paul, Aston Motes, Bobby Goodlatte, Charlie Cheever, Christina Cacioppo, Claire Hughes Johnson, Dylan Field, Gideon Valkin, Gloria Baeuerlein, Immad Akhund, Jeff Chang, Jonas Huckestein, Julia DeWahl, Koen Bok, Lauren Loktev, Marc McCabe, Michael Wax, Mike Hudack, Philipp Herkelmann, Robert Gentz, Stewart Butterfield, Tikhon Bernstam, Tom Blomfield, Vinay Hiremath
Jul 1, 2025	Miter	$50.0M Series B	—	1517 Fund, Alumni Ventures, Bessemer Venture Partners, Camber Creek, Cedar Capital Group, Derive Ventures, Feenix Ventures, MaC Venture Capital, Pear VC, Reach Capital, Sapir Venture Partners, The Finger Group, Oded Hermoni, Salil Pitroda, Will Gaybrick
Jun 1, 2025	enVgo	$2.0M Seed	—	Acequia Capital, AlleyCorp, Bling Capital, Catapult Capital, Change Ventures, Contrarian Ventures, Dreamers VC, Khosla Ventures, L Catterton Growth, Moxxie Ventures, Pareto Holdings, Scribble Ventures, Tapas Capital, Two Small Fish Ventures, Adrian Aoun, Ameet Ranadive, Bob Young, Bradley Horowitz, Evan Moore, Gokul Rajaram, James Blouzard, Joshua Schachter, Kevin Lin, Kevin Weil, Mantas Mikuckas, Markus Villig, Martin Henk, Martin Villig, Ott Kaukver, Pete Koomen, Ragnar Sass, Richard Branson, Rohini Pandhi, Scott Belsky, Steve Chen, Thomas Plantenga, Varsha Rao
Jun 1, 2025	Linear	$82.0M Series C	—	01 Advisors, 1984 Ventures, 20VC, Accel, AirAngels, Alumni Ventures, Andreessen Horowitz, Coinbase Ventures, Haun Ventures, Jude Gomila Rolling Fund, LGF, Liquid 2 Ventures, Meritech Capital Partners, NEO, Next47, Hans Tung, Sequoia Capital, Tusk Venture Partners, Y Combinator, Akash Garg, Amjad Masad, Aston Motes, Bobby Goodlatte, Charlie Cheever, Christina Cacioppo, Claire Hughes Johnson, Dylan Field, Immad Akhund, Jeff Chang, Julia DeWahl, Koen Bok, Lauren Loktev, Marc McCabe, Robert Gentz, Ron Pragides, Ryan Sarver, Ryan Tedder, Stewart Butterfield, Tikhon Bernstam
Jun 1, 2025	NiaHealth	$4.0M Seed	—	1984 Ventures, 75 & Sunny, Aleph VC, AlleyCorp, Bain Capital Ventures, Coelius Capital, CRV, Foundation Capital, Golden Ventures, Insight Partners, Koch Fund, LAUNCH, NextView Ventures, Not Boring Capital, Pareto Holdings, SoftBank Investment Advisers, Team8, The Hit Forge, Version One Ventures, Balaji Srinivasan, Efi Cohen, Eric Wu, Evan Williams, Fabio Cannavale, Konstantin von Unger, rich simoni
Jun 1, 2025	Raphe mPhibr	$100.0M Series B	—	AngelList, Venture Highway, Kunal Shah
Jun 1, 2025	Abacum	$60.0M Series B	—	Atomico, Creandum, Earlybird Venture Capital, Felix Capital, Goat Capital, KFund, Pro Founders Capital, Scale Asia Ventures, Scale Venture Partners, SMOK Ventures, Teamworthy Ventures, Y Combinator, Avi Meir, Bartek Pucek, Chris Murphy, Christian Bach, Christian Reber, Felipe Navio, Heini Zachariassen, Ingo Uytdehaage, Juan Urdiales, Mathias Biilmann Christensen, Maximilian Tayenthal, Philippe Teixeira da Mota, Sahin Boydas
May 1, 2025	Owner	$120.0M Series C	—	AirAngels, Alt Capital, Alumni Ventures, Antler, Balderton Capital, Better Tomorrow Ventures, Blu Venture Investors, Browder Capital, C2 Investment, Caffeinated Capital, Citi Ventures, Conversion Capital, CP Ventures, Footprint Coalition, Forgepoint Capital, Foundation Capital, Founders Fund, FTX Ventures, Hercules Capital, Ignition Partners, Jetstream, Khosla Ventures, Kleiner Perkins, Lightspeed Venture Partners, Meritech Capital Partners, Mischief Venture Capital, Montage Ventures, Oyster Ventures, Pareto Holdings, Redpoint Ventures, Roble Ventures, Saga, Sapphire Ventures, Sequoia Capital, Summit Partners, Susa Ventures, TCV, TechAviv Founder Partners, The Hit Forge, True Ventures, Y Combinator, Aaron Levie, Adam D'Angelo, Amjad Masad, Azeem Azhar, Christina Cacioppo, Claire Hughes Johnson, Dharmesh Shah, Dylan Field, Fidji Simo, Gokul Rajaram, Hippolyte Genet, Immad Akhund, Jason Lemkin, Jonathan Neman, Joshua Reeves, Julian Shapiro, Justin Mateen, Kyle Vogt, Larry Summers, Mark Gillespie, Matt Macinnis, Max Mullen, Nik Sharma, Parker Conrad, Sagi Paz, Scott Belsky, Sean Rad, Siqi Chen, William Hockey
Apr 1, 2025	Superpower	$30.0M Series A	—	Acrew Capital, Adverb Ventures, AirAngels, AngelCube, ATX Venture Partners, Bain Capital Ventures, Canaan Partners, CP Ventures, Craft Ventures, Curie.Bio, Curious Capital, Forerunner Ventures, Foundation Capital, Greylock, Inspired Capital, Kleiner Perkins, Klossy, monashees, Night Ventures, Offline Ventures, Operator Partners, Otherwise Fund, Pantera Capital, Pioneer Fund, REMUS Capital, RevTech Ventures, Serena Ventures, Seven Seven Six, Sound Ventures, Stage 2 Capital, Timespan Ventures, Torch Capital, Upfront Ventures, Version One Ventures, Abe Burns, Baron Davis, Brian Sugar, Casey Neistat, Evan Williams, Gokul Rajaram, Ian Borthwick, Jeffrey Wilke, Jonathan Widawski, Justin David Blau, Marissa Mayer, Mathilde Collin, Pir Granoff
Apr 1, 2025	SafetyKit	$27.0M Series A	—	AirAngels, Alt Capital, Better Tomorrow Ventures, C2 Investment, Caffeinated Capital, CP Ventures, Oyster Ventures, Pareto Holdings, The Hit Forge, Aaron Levie, Adam D'Angelo, Amjad Masad, Azeem Azhar, Kyle Vogt, Larry Summers, Mark Gillespie
Apr 1, 2025	DIAMO	$4.0M Seed	—	1517 Fund, Alumni Ventures, Bessemer Venture Partners, Camber Creek, Cedar Capital Group, Derive Ventures, The Finger Group, Oded Hermoni, Salil Pitroda, Will Gaybrick
Mar 1, 2025	Momentic	$4.0M Seed	—	Accel, AirAngels, Alt Capital, Better Tomorrow Ventures, C2 Investment, Caffeinated Capital, CP Ventures, Global Founders Capital, Oyster Ventures, Pareto Holdings, Sarona Ventures, SoftBank Investment Advisers, The Hit Forge, UpHonest Capital, Y Combinator, Adam D'Angelo, Amjad Masad, Azeem Azhar, Claire Hughes Johnson, Felipe Navio, Kyle Vogt, Larry Summers, Mark Gillespie, Tom Blomfield
Mar 1, 2025	Voa Health	$3.0M Seed	—	Alaya Capital, Alpha Capital Acquisition Company, Kalei Ventures, Rivet Ventures, Wayra Hispam
Mar 1, 2025	Avataros	$7.0M Seed	—	AirAngels, Alt Capital, Better Tomorrow Ventures, C2 Investment, Caffeinated Capital, CP Ventures, M13, Oyster Ventures, Pareto Holdings, Stellar Capital, The Hit Forge, True Ventures, Aaron Levie, Adam D'Angelo, Azeem Azhar, Claire Hughes Johnson, Kyle Vogt, Larry Summers, Mark Gillespie
Mar 1, 2025	GrubMarket	$50.0M Series G	—	AME Cloud Ventures, BITKRAFT Ventures, Brkfst Club, Kevin Ding, Fusion Fund, Goodwater Capital, Great Oaks Venture Capital, Hardware Club, Jigsaw VC, KRM Interests LLC, Hans Tung, Pegasus Tech Ventures, Primitive Ventures, Tiger Global Management, UpHonest Capital, Nimit Maru
Feb 1, 2025	TrueFoundry	$19.0M Series A	—	AirAngels, Alt Capital, Alumni Ventures, Better Tomorrow Ventures, C2 Investment, Caffeinated Capital, CP Ventures, Curie.Bio, Forerunner Ventures, Innovation Endeavors, INT3, Invariantes Fund, K2 Global, Long Journey Ventures, Operator Partners, Oyster Ventures, Pareto Holdings, Redpoint Ventures, Seaside Ventures, The Hit Forge, Trajectory Ventures, Trammell Venture Partners, Visible Ventures, Winklevoss Capital, Y Combinator, Aaron Levie, Adam D'Angelo, Amjad Masad, Aravind Bharadwaj, Azeem Azhar, Balaji Srinivasan, Claire Hughes Johnson, Evan Moore, Georges Harik, Greg Brockman, Jeff Hammerbacher, Kyle Vogt, Larry Summers, Logan Paul, Lukas Biewald, Marc Baghadjian, Mark Gillespie, Sahin Boydas, Scott Banister, Stephen Cole, Steve Aoki, Thomas Tull, Yair Weinberger, Yoav Amit
Feb 1, 2025	Lovable	$15.0M Seed	—	Acton Capital Partners, AirAngels, Alt Capital, Better Tomorrow Ventures, byFounders, C2 Investment, Caffeinated Capital, CP Ventures, Creandum, Double Prime LLP, Hummingbird Ventures, La Famiglia, LEA Partners, Operator Collective, Oyster Ventures, Pareto Holdings, RTP Global, The Hit Forge, Aaron Levie, Adam D'Angelo, Amjad Masad, Azeem Azhar, Charlie Songhurst, Christian Reber, Claire Hughes Johnson, Dharmesh Shah, Fredrik Hjelm, George Kurtz, Job Van Der Voort, Kyle Vogt, Larry Summers, Mark Gillespie, Melissa Tan, Niklas Jansen, Stefan Lindeberg, Stewart Butterfield
Feb 1, 2025	Aracor AI	$5.0M Seed	—	Fuel Venture Capital, Stephan Wirries

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at FJ Labs.

EIR and Data Scientist

Agapitos Diakogiannis

Head of Platform and Investor

Leadership Team

Key people at FJ Labs.

EIR and Data Scientist

Agapitos Diakogiannis

Head of Platform and Investor

Deep Dive

High-Level Overview

FJ Labs is a stage-agnostic venture fund and startup studio primarily investing in marketplaces and network effect businesses globally. Its mission centers on backing founders building scalable, network-driven platforms that solve real problems across diverse sectors. The firm’s investment philosophy emphasizes high-volume, diversified early-stage investing without leading rounds or taking board seats, enabling rapid decision-making and maintaining strong founder alignment. Key sectors include marketplaces, ecommerce, consumer products, financial services, and Web3/crypto. FJ Labs has amassed one of the world’s largest portfolios in marketplaces, with over 571 startups funded and more than 30 unicorns, significantly impacting the startup ecosystem by providing differentiated deal flow and supporting innovation worldwide[1][3][5].

Origin Story

FJ Labs was formally founded in 2016 by entrepreneurs and investors Fabrice Grinda and José Marín, though its roots trace back to Grinda’s first venture-backed startup in 1998. The firm evolved from a hybrid model combining angel investing and startup studio activities, reflecting the founders’ desire to remain entrepreneurs while investing. Early on, they attracted strategic capital, notably a $50 million investment from Norwegian telecom Telenor, which helped scale operations. Over time, FJ Labs grew from a two-person outfit to a team of over 30, expanding its capital base to $260 million across multiple funds and broadening its global reach and investment scope[1][2][3][4].

Core Differentiators

Unique Investment Model: FJ Labs does not lead rounds, price deals, or take board seats, focusing instead on quick, pattern-recognition-based investment decisions after minimal meetings.
Network Strength: The firm leverages its extensive portfolio and founder relationships to gain access to differentiated deal flow and co-investment opportunities with top-tier VCs.
Track Record: With over 571 investments, 193 exits, and a 62% realized IRR, FJ Labs has demonstrated strong returns and a deep understanding of marketplace dynamics.
Operating Support: While not a traditional VC, FJ Labs provides strategic advice and acts as a thought partner, helping startups navigate growth challenges without imposing control.
Focus on Marketplaces and Network Effects: Their specialization allows deep domain expertise and pattern recognition in businesses that benefit from network-driven growth[1][2][3][5].

Role in the Broader Tech Landscape

FJ Labs rides the global trend of marketplaces and network effect businesses becoming dominant models in the digital economy. The timing is favorable due to increasing internet penetration, digital transformation, and consumer preference for platform-based services. Market forces such as globalization, mobile adoption, and the rise of Web3 further amplify opportunities for network-driven startups. FJ Labs influences the ecosystem by acting as a prolific early-stage investor, seeding innovation worldwide, and providing a bridge between founders and traditional VCs, thus accelerating the growth of marketplace startups globally[1][3][5][6].

Quick Take & Future Outlook

Looking ahead, FJ Labs aims to scale further as a lasting institution with plans to raise larger funds and continue expanding its portfolio globally. Trends shaping its journey include the maturation of marketplaces, increased adoption of decentralized platforms, and the growing importance of cross-border digital commerce. Its influence is likely to deepen as it continues to provide unique deal flow and support to founders, potentially shaping the future of network effect businesses for decades. This trajectory ties back to its founding ethos of combining entrepreneurial insight with venture investing to back transformative marketplace startups worldwide[2][5].

Sources

Frequently Asked Questions

What recent fundraising activity has FJ Labs undertaken?

In 2023, FJ Labs closed on $260 million in capital commitments. This capital was raised across two new vehicles: a pre-seed fund and an opportunity-style fund for Series B and later-stage investments.

Frequently Asked Questions

What recent fundraising activity has FJ Labs undertaken?

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: FJ Labs does not lead rounds, price deals, or take board seats, focusing instead on quick, pattern-recognition-based investment decisions after minimal meetings.
Network Strength: The firm leverages its extensive portfolio and founder relationships to gain access to differentiated deal flow and co-investment opportunities with top-tier VCs.
Track Record: With over 571 investments, 193 exits, and a 62% realized IRR, FJ Labs has demonstrated strong returns and a deep understanding of marketplace dynamics.
Operating Support: While not a traditional VC, FJ Labs provides strategic advice and acts as a thought partner, helping startups navigate growth challenges without imposing control.
Focus on Marketplaces and Network Effects: Their specialization allows deep domain expertise and pattern recognition in businesses that benefit from network-driven growth[1][2][3][5].